Business Management - Finance/Financial

Now in its 27th year, the Printing Impressions 400 provides the industry's most comprehensive ranking of the leading printing companies in the United States and Canada. The listings include company name and headquarters location; parent company, if applicable; current and previous year’s rankings; most recent and previous year’s fiscal sales; percentage change; primary specialties; principal officer(s); as well as number of employees, manufacturing plants and total press units.

The Benedictine monks at St. Meinrad Archabbey in Southern Indiana have begun Snail's Pace, a new business venture at their Abbey Press. After closing their long-standing direct mail catalog business at the end of last year, the monks decided to convert their printing division into a "green" print operation, which would reflect the Benedictine tradition and history of care and concern for the environment.

The company will produce a variety of environmentally- and socially-responsible paper goods. With this new venture, the monks will renew their roots in the printing industry, which dates to 1867.

Transcontinental recorded consolidated revenues of $500.3 million compared to $504.4 million in the same quarter of 2009, down 0.8%, but had organic growth in revenues of 3.2%. Adjusted operating income before amortization grew 9.2%, from $82.6 million in 2009 to $90.2 million.

Jo Cornu to step down as of April 27, 2010. Group's total fourth quarter sales amounted to 735 million Euro, a decline of 3.4 percent compared to the fourth quarter of 2008.

For the quarter ended December 31, 2009, the company reported revenues of $114.0 million, compared to fourth quarter 2008 revenue of $135.3 million.

The salary excesses in the financial/investment banking world that fueled widespread public outrage, however, won't be found among the earnings of principal officers at the largest publicly held printing companies.

Courier’s consolidated fourth-quarter revenues were $68.4 million, down 10% from $76.3 million. For fiscal 2009 overall, Courier sales were $248.8 million, down from $280.3 million in 2008. Net loss for the year was $3.1 million.

Printing Papers segment had operating profits of $138 million compared to $86 million and xpedx reported operating profits of $21 million, up from $10 million in the previous quarter.

MONTREAL—World Color Press has adopted a shareholder rights plan agreement, effective immediately, to encourage the fair treatment of shareholders in any takeover offer for the corporation and to prevent a bidder from acquiring control of World Color in a manner detrimental to shareholders.

NORCROSS, GA—Paper distributor Unisource Worldwide has successfully entered into a new senior-secured revolving credit facility. The new facility, led by Banc of America Securities, Wells Fargo Foothill and GE Capital Markets, provides for up to $575 million of borrowings with a scheduled maturity date of August 2012. The agreement also provides additional liquidity to Unisource by allowing the company to increase the size of the facility up to $700 million.